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February 06, 2016 2:58 AM ET

Independent Power and Renewable Electricity Producers

Company Overview of E-CO Energi Holding AS

Company Overview

E-CO Energi Holding AS, through its subsidiary, engages in the ownership, development, operation, and management of hydropower plants in Norway. The company produces hydroelectricity. It also sells power in the wholesale market. In addition, the company is involved in the business development activities in energy and related fields; and operations, maintenance, and implementation of projects. It serves approximately 500,000 households. E-CO Energi Holding AS is based in Oslo, Norway.

C. J. Hambros plass 2 C

Oslo,  0103

Norway

Phone:

47 24 11 65 00

Fax:

47 24 11 65 01

Key Executives for E-CO Energi Holding AS

Chief Executive Officer, President and Managing Director
Age: 53
Chief Financial Officer
Chief Executive Officer of Oslo Municipality
Senior Vice President and Special Adviser
Age: 64
Vice President of Human Resources & Communications
Compensation as of Fiscal Year 2015.

E-CO Energi Holding AS Key Developments

E-CO Energi Holding AS Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015

E-CO Energi Holding AS reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, operating revenue was NOK 396 million against NOK 606 million a year ago. Net profit was NOK 19 million against NOK 104 million a year ago. Earnings before tax was NOK 64 million against NOK 283 million a year ago. LBIT was NOK 272 million compared to NOK 251 million a year ago. Earnings per share was NOK 11 compared to NOK 61 a year ago. Cash flow from operating activities was NOK 214 million against NOK 461 million a year ago. Investments in tangible fixed assets was NOK 83 million against NOK 69 million a year ago. For the nine months, operating revenue was NOK 1,775 million against NOK 1,929 million a year ago. LBIT was NOK 850 million against NOK 819 million a year ago. Earnings before tax was NOK 751 million against NOK 907 million a year ago. Net profit was NOK 369 million against NOK 403 million a year ago. Earnings per share was NOK 217 compared to NOK 237 a year ago. Cash used in operating activities was NOK 29 million against cash flow from operating activities was NOK 216 million a year ago. Investments in tangible fixed assets was NOK 204 million against NOK 151 million a year ago.

E-CO Energi Holding AS Announces Consolidated Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

E-CO Energi Holding AS announced consolidated unaudited earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported revenues of NOK 425 million compared with NOK 398 million for the same period a year ago. Operating income was NOK 143 million compared with NOK 129 million for the same period a year ago. Earnings before tax was NOK 87 million compared with NOK 67 million for the same period a year ago. Net profit was NOK 45 million or NOK 26 per share compared with NOK 14 million or NOK 8 per share for the same period a year ago. Cash out flow from operating activities was NOK 579 million compared with NOK 566 million for the same period a year ago. Investment in tangible fixed assets was NOK 59 million compared with NOK 77 million for the same period a year ago. For the six months, the company reported revenues of NOK 1,379 million compared with NOK 1,323 million for the same period a year ago. Operating income was NOK 801 million compared with NOK 755 million for the same period a year ago. Earnings before tax was NOK 687 million compared with NOK 624 million for the same period a year ago. Net profit was NOK 350 million or NOK 206 per share compared with NOK 299 million or NOK 176 per share for the same period a year ago. Cash out flow from operating activities was NOK 243 million compared with NOK 245 million for the same period a year ago. Investment in tangible fixed assets was NOK 121 million compared with NOK 101 million for the same period a year ago.

E-CO Energi Holding AS Announces Unaudited Group Earnings and Production Results for the First Quarter Ended March 31, 2015

E-CO Energi Holding AS announced unaudited group earnings and production results for the first quarter ended March 31, 2015. For the quarter, the company's operating revenue was NOK 954 million compared with NOK 925 million a year ago. The increase is ascribable to a higher volume of power production year-on-year. Operating profit was NOK 658 million compared with NOK 626 million a year ago. Earnings before tax was NOK 600 million compared with NOK 557 million a year ago. Net profit was NOK 305 million or NOK 179 per share compared with NOK 285 million or NOK 167 per share a year ago. Cash flow from operating activities was NOK 336 million compared with NOK 321 million a year ago. Investments in tangible fixed assets came to NOK 62 million compared with NOK 24 million a year ago. The increase is related to the Rosten Power Plant in Gudbrands-dalen Valley, where construction commenced last autumn (completion 2018). For the quarter, the company's power production was 3,508 GWh compared with 3,105 GWh a year ago.

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